Mark Waldrep loses almost everything in LA wildfire.

[Sal1950]

Even more tragic is the dream of rebuilding. As so many insurers are pulling out of California [as well as Florida] due to climate change and the current cost of building materials which now have to withstand not only earthquakes but fires, as well and the toxic nature of the soil on which these homes once stood it will be years before this once prized real estate could ever hope to be redeveloped!

You can't blame climate change for the radical thinking of denying water to folks that need it to save the smelt fish.

 

[barfle]

I can’t imagine how long it’s going to take to rebuild. Even if insurance payouts cover the losses, I don’t see labor or supplies being plentiful enough, even at premium costs, to ever make this a distant memory.

 

[DuncanS]

I can’t imagine how long it’s going to take to rebuild. Even if insurance payouts cover the losses, I don’t see labor or supplies being plentiful enough, even at premium costs, to ever make this a distant memory.

We have a similar issue on this side of the pond, but due to flooding, people are finding that insurance companies won't insure houses that could possibly flood based on mapping data, if you have been flooded you really are in trouble. I'm half way up a hill so if I flood everyone else is in way more trouble! I always thought that one of the things with insurance was to spread the risk, legally over here we must have car insurance and if there are a lot of claims everybody's price goes up, mind you that doesn't stop the companies trying not to pay out.